Detroit was one of the hardest-hit cities in America during the recession. Its auto industry, which helped build America's middle class, needed multiple government bailouts. Unemployment rose to 20% in the city in 2011, but could have been as high as 50% if you include people who stopped looking for work. But every bad situation has a silver lining. The lack of enterprise and abundance of failed businesses left great opportunities for newer and cooler businesses. From restaurants and bars to bik...
Detroit was one of the hardest-hit cities in America during the recession. Its auto industry, which helped build America's middle class, needed multiple government bailouts. Unemployment rose to 20% in the city in 2011, but could have been as high as 50% if you include people who stopped looking for work. But every bad situation has a silver lining. The lack of enterprise and abundance of failed businesses left great opportunities for newer and cooler businesses. From restaurants and bars to bik...
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